Which of the Following Statements Most Likely Represents a Disadvantage

question 339

Multiple Choice

Which of the following statements most likely represents a disadvantage for an entity that keeps microcomputer-prepared data files rather than manually prepared files?

• A) Attention is focused on the accuracy of the programming process rather than errors in individual transactions.
• B) It is usually easier for unauthorized persons to access and alter the files.
• C) Random error associated with processing similar transactions in different ways is usually greater.
• D) It is usually more difficult to compare recorded accountability with physical count of assets.

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Definitions:

Long-run Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity supplied by producers over a longer period, when all inputs can be fully adjusted.

Break-even Point

The financial state at which total costs and total revenues are equal, indicating that a business or project is neither at a loss nor making a profit.

Shutdown Point

The price and output level at which a firm's revenue just covers its variable costs, below which it is better for the firm to temporarily cease operations.

Short-run Supply Curve

The short-run supply curve illustrates how the quantity of goods supplied by producers changes in response to a change in price over a short period, factoring in some fixed production costs.